Economics for People and the Planet by James Boyce;

Author:James Boyce;
Language: eng
Format: epub
Publisher: Book Network Int'l Limited trading as NBN International (NBNi)

Disadvantaged communities often are disproportionately impacted by air pollutants, including co-pollutants generated by the use of fossil fuels. One way to fulfill these mandates is to allocate a share of allowance value (that is, revenue from auctions of carbon emission permits) to these communities for the purpose of environmental improvements.

This use of allowance value primarily involves investment, but it also can be considered a form of compensation in that a community’s eligibility to receive benefits rests on its disadvantaged status, including disproportionate pollution exposure. Eligibility for compensation does not require that AB 32 causes an increase in co-pollutants in the localities – an outcome specifically prohibited in the section of the Act quoted above – but rather that disproportionate impacts relative to other localities persist after AB 32 implementation. The aim is to mitigate gaps in environmental and economic well-being in disadvantaged localities relative to statewide norms.

Co-pollutants and the co-benefits from their reduction are relevant to the efficiency, environmental and fairness objectives of AB 32.

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